Old Town Pasadena Multifamily
For Sale
Contact for pricing
155 N Raymond Ave, Pasadena, CA 91103
18 units, 1 commercial space in prime location.
Property Size21,982 SF
Lot Size0.21 Acres
Price / SF$536.80
Days on Market1002
Property Features for 155 N Raymond Ave
General Information
Standard status
Active
Size
21,982 SF
Class
B
Lot size
0.21 Acres
Property subtype
Multifamily
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$431,387
Building Details
Year Built
2002
Buildings
1
Stories
4
Units
19
Listing Agency:
Realiv
Listed By:
Kevin Kwan · License #CA
(626) 618-8286
Source:
Crexi
Added: Dec 6, 2023
Changed: Aug 14
Last Checked: Sep 1 at 9:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realiv
Investment Insights
Based on property information with market context.
This 18-unit apartment complex includes one commercial space with approximately 2,900 square feet of rentable area. Constructed in 2002, the property is situated in Old Town Pasadena on a 9,028-square-foot lot. Each of the 18 residential units features 2 bedrooms and 2 bathrooms, with an approximate size of 900 square feet, and includes its own laundry unit. The complex provides 29 parking spaces, including surface and subterranean options, with 2 designated as handicapped spaces. The property is located 11.3 miles from Downtown Los Angeles and within 2 miles of Art Center College of Design, California Institute of Technology, and Pasadena City College. It is also located 0.3 miles from the Parsons Corporation, 0.5 miles to Pasadena City Hall, and approximately 4.6 miles to JPL. Pasadena Memorial Park and the Memorial Park Metro Gold Line Station are located across the street. A retail lease was newly signed on 11/1/2024 for a 5-year term with one 5-year option and 3% yearly rental increases. The property has very stable and long-term tenants in place.
Key Highlights
- Assumable loan at a low rate of 3.75% until 10/2026 or seller financing available with reasonable terms.
- Prime location in the heart of Old Town Pasadena, steps away from eateries, bars, and shops, and across the street from Memorial Park and the Metro Gold Line Station.
- Well‑maintained 18‑unit apartment complex with a commercial space, built in 2002, showing pride of ownership.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,338
Businesses Nearby
Explore this area
Business Placement
Demographics for 91103, CA
26,887
Population
9,392
Households
2.9
Avg Household Size
39
Median Age
38%
College-Educated
80%
High-School Grad
4.6 sq mi
ZIP Area
5,845
Density / Sq Mi
$84,683
Median Household Income
$43,591
Median Earnings
$1,925
Median Rent
$960,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 18 units, 1 commercial space in prime location.
Where is this apartment building located?
The property is located at 155 N Raymond Ave Pasadena, CA.
What is the asking price?
The asking price for this property is $11,800,000.
What are key features of this property?
This property features: Assumable loan at a low rate of 3.75% until 10/2026 or seller financing available with reasonable terms.; Prime location in the heart of Old Town Pasadena, steps away from eateries, bars, and shops, and across the street from Memorial Park and the Metro Gold Line Station.; Well‑maintained 18‑unit apartment complex with a commercial space, built in 2002, showing pride of ownership.
